Singapore sovereign wealth fund GIC and Northstar Pacific Partners, the Indonesian private equity firm backed by TPG, have bought a minority stake in PT Triputra Agro Persada, Indonesia's eighth-biggest palm oil producer, in a $200 million deal, a source said.
The investment in the unlisted firm comes as palm oil prices are under pressure from high palm oil stocks and concerns about a weak global economy. GIC and Northstar bought a minority stake for about $200 million, the source with direct knowledge of the deal told Reuters...............................................Full Article: Source